Has covid-19 aided a digital transition?5 answersThe COVID-19 pandemic has indeed accelerated digital transitions across various sectors. Involvement in research, such as Participant and Public Involvement (PPI) groups in dementia research, shifted to digital platforms due to the pandemic's disruptions. Higher education in Uzbekistan experienced a rapid digital transformation during the pandemic, emphasizing online teaching and learning adaptations. Similarly, social work in Sweden saw a sudden shift towards digitalization prompted by COVID-19, highlighting the importance of involving communities in adapting to new standards. Educational institutions globally responded by moving teaching and learning activities online, although the transformative impact of online education remains a work in progress. The pandemic's influence on digital transformation and organizations seeking competitive advantages is evident, as seen in the growing interest and interactions between COVID-19 and digital transformation.
Why cost reduction is important in Hotel industry especially in pandemic period to present?5 answersCost reduction is important in the hotel industry, especially during the pandemic period, to mitigate the financial impact and ensure business survival. The COVID-19 pandemic has severely affected the hotel industry, leading to decreased income and occupancy rates. To cope with the challenges, hotels have implemented various cost-cutting measures, such as reducing operational costs, minimizing fixed costs, and maximizing variable costs. This includes reducing the number of employees, cutting down salaries, and optimizing expenses. Additionally, hotels have explored alternative business models, such as offering budget hotels at a lower cost. By implementing cost reduction strategies, hotels aim to improve their financial resilience and minimize losses during the pandemic. It is crucial for hotels to adapt and find ways to reduce costs while maintaining satisfactory accommodation and service quality to attract customers in the post-pandemic era.
What is digital payment systems?4 answersDigital payment systems refer to the transfer of money from one payment account to another using digital devices such as mobile phones or computers. These systems provide various electronic payment options such as payment cards, mobile payments, mobile wallets, electronic cash, and contactless payment methods. Digital payments offer several benefits, including faster and more convenient transactions compared to cash payments. The use of digital payment systems has increased with the advancement of internet communication technologies and the rise of e-commerce and e-business. In emerging markets like India, digital payment systems are becoming increasingly important, driven by factors such as increasing internet connectivity, smartphone usage, and government initiatives promoting cashless transactions. Research in this field has focused on various aspects, including the socio-economic conditions of users, security issues, and the impact of digital payments on the economy. Overall, digital payment systems have transformed financial behavior and provided convenience, time savings, and safety to users.
How can technology help reduce costs in business?4 answersTechnology can help reduce costs in business by providing various solutions. Cloud computing, for example, allows small and medium-sized companies to use their resources efficiently and reduce expenses by eliminating the need for physical computational infrastructure. Cloud accounting, another technological advancement, contributes to cost reduction and improves the organization of accounting work by utilizing internet-based systems. Additionally, the utilization of diagnostic data from digital field devices enables end users to predict maintenance and calibration requirements, resulting in reduced staff effort and shutdowns. Furthermore, technology enables subscribers to reduce messaging costs through multiple messaging data services and advertisement-based defrayal of messaging charges. Overall, technology offers cost-saving opportunities by streamlining processes, improving efficiency, and providing innovative solutions for businesses.
How can digital technologies be used to optimize food supply chain resilience during the COVID-19 pandemic?4 answersDigital technologies can optimize food supply chain resilience during the COVID-19 pandemic by improving product traceability, inspection accuracy, and sourcing transparency. Retailers can adopt blockchain as a reliable and efficient way to reduce product risk and enhance supply chain resilience. By implementing blockchain, retailers can improve inspection accuracy and product traceability, which in turn can help in making informed sourcing decisions. Additionally, digital technologies such as digital supply chain platforms (DSCPs) can mediate the association between digital technologies and supply chain resilience by improving supply chain traceability and agility. DSCPs, along with supply chain traceability and supply chain agility, fully mediate the favorable association between digital technologies and supply chain resilience. Therefore, leveraging digital technologies like blockchain and DSCPs can enhance the resilience of food supply chains during the COVID-19 pandemic.
How can digital technologies be used to improve food supply chain resilience during the COVID-19 pandemic?5 answersDigital technologies can be used to improve food supply chain resilience during the COVID-19 pandemic. The adoption of digital tools and advanced technologies, such as artificial intelligence, big data, the Internet of Things, blockchain, and robotics, can help mitigate the negative effects of the pandemic and other stressors on food systems. The use of digital innovations, including digital twins and virtual and augmented reality, can enhance the efficiency and effectiveness of food supply chains. Short food supply chains have shown resilience during the pandemic, with the ability to adapt quickly and introduce organizational and product innovations. The integration of advanced technologies like blockchain can improve product traceability and inspection accuracy, making sourcing transparent and enhancing the resilience of food supply chains. Digital solutions, such as information and communications technologies, can empower smallholder farmers by providing access to inputs, finances, and markets, thereby improving the resilience of their food systems.